NeoGames – the end-to-end supplier of iLottery solutions – has announced that it will begin an offer on acquiring Aspire Global. In the event the offer is successful, the new company will become an industry leader in mobile sports betting, iGaming and iLottery.
NeoGames’ public offer to shareholders puts a SEK 4.3bn ($480m) value on Aspire, a B2B technology company that provides solutions for mobile sports betting and casino operators. The Malta-based Aspire is listed on the Nasdaq First North Premier Growth Market and has considerable dealings in the US market.
The terms of the offer include the acquisition by NeoGames of all outstanding shares of Aspire through 50% cash (at SEK 111 per share) and equity for the other 50%. This equity consideration would consist of 7.6 million newly-issued NeoGames shares. This exchange is equal to 0.32 shares in NeoGames per one share in Aspire.
Shareholders at Aspire – who own 67% of shares in aggregate – have elected to accept the offer and accept all of the 7.6 million NeoGames shares offered. Remaining Aspire shareholders have the option to elect all cash.
At Aspire, a committee of independent directors have recommended its shareholders to accept the offer.
Leadership at NeoGames have expressed excitement at the direction the company is taking.
Moti Malul, Chief Executive, commented: “By integrating our market-leading platform and scalable position within the rapidly expanding global iLottery market, with Aspire Global’s proprietary sports betting platform, BtoBet; its iGaming content and aggregation platform, Pariplay; and its proprietary content and turn-key B2B Gaming solutions, NeoGames will be positioned to significantly increase our addressable market opportunities.”
